Question 15 Chapter 5 – Unimax Class 12 Part 1 – 2021

Question 15 Chapter 5 - Unimax Class 12 Part 1 - 2021

Question 15 Chapter 5 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

15. A and B are partners sharing profits in 9 : 5. They agree to admit C as their manager into partnership, who is to get 1/8th share in profits. He acquires this share 1/12th form A and 1/24th form B. Calculate new profit sharing ratio.

The solution of Question 15 Chapter 5 – Unimax Class 12 Part 1

A’s New Share =9/14_1/12
              =54-7/84 47/84
B’s New Share =5/14_1/4 =60-7/168 =53168
C’s Share =1/8
New Profit Sharing Ratio = A : B : C
                =47/84: 53/168: 1/8
                = 94 : 53 : 21 Ans.

 

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